Wight Shipyard Delivers Catamaran for Scotland
U.K. shipbuilder Wight Shipyard Co has delivered its latest vessel to Scottish tourism operator Loch Ness by Jacobite. The new 20-meter day-cruise passenger catamaran Jacobite Maverick is joining the company’s fleet sailing between Dochgarroch, just outside Inverness, Clansman Harbour and the ruins of Urquhart Castle.Designed by Australia’s One2three Naval Architects, the hullform of the new catamaran…
Saudi Arabia, UAE to Establish Shipping Lane to Yemen's Hodeidah Port
Saudi Arabia and the United Arab Emirates announced a five-point aid plan for Yemen's Hodeidah port and surrounding areas on Wednesday, after a Saudi-led alliance of Arab states launched an attack on Yemen's Houthi-held main port city.As part of the plan, the two coalition states aim to establish a shipping lane to Hodeidah from the UAE capital, Abu Dhabi, and Jizan, a city in southern Saudi Arabia, officials told a news conference in Riyadh.They will also distribute food, provide medical suppli
Stronger Rates Lift Baltic Index for Third Day
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the third consecutive session on Thursday supported by stronger rates across capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 29 points, or 2.1 percent, to 1,433 points.The capesize index climbed 93 points, or 4.5 percent, to 2,184 points.Average daily earnings for capesizes, which typically transpor
HSH Nordbank Aims to Buy Shipping Loans from Other Banks
Germany's HSH Nordbank, once the world's biggest ship financier, aims to buy shipping loans from other banks and make new investments in the industry as it emerges from years of turmoil, a top bank official said.The bank's regional government owners are selling the lender to buyout groups Cerberus Capital Management and J.C. Flowers, with investors GoldenTree, Centaurus Capital and Austrian bank BAWAG also taking stakes."HSH…
EIA: Oil Barrel Price Steady Around $70
EIA expects Brent prices will average $71 per barrel in 2018 before declining to $68 per barrel in 2019. In the June 2018 update of its Short-Term Energy Outlook (STEO), the U.S.
Smart Ships are the Future -PISR CEO
Panos Kirnidis, CEO of Palau International Ship Registry (PISR), says smart ships will continue to be the driving force for the new decade as technology puts the control and management of shipping onto a new level.Kirnidis believes there is still some reticence to accept technology by some registries: “There is no escaping technology in shipping and we believe it is essential that everything we do with shipping comes from technology.”PISR…
CEJN Rolls Out New Couplings
CEJN's Next Generation ultra high-pressure couplings launched at OTC 2018 are newly designed featuring a safety lock.The newest feature is the quick and smooth locking ring that gives extended security to connections. Screw locks are sometimes considered by users to be time consuming and left unscrewed. With The Next Generation, unintentional disconnection is practically eliminated. Just a quick twist of the bayonet lock and the hydraulic coupling is secured.In addition…
Kalmar Introduces Eco Reachstacker
Kalmar, part of Cargotec, introduces an eco-efficient reachstacker with a Fuel Saving Guarantee to customers. Kalmar Eco Reachstacker is the very first solution…
Euronav Completes Merger with Gener8 Maritime
Belgian tanker operator Euronav has concluded its merger with U.S. rival Gener8 Maritime, creating one of the world’s largest tanker shipping fleets.Gener8’s shareholders voted earlier this week to approve the merger, and following the closing on Tuesday, 60.9 million new shares issued to Gener8 shareholders as consideration for the transaction began trading Wednesday on the NYSE.The merger, which Euronav CEO Paddy Rodgers described as an “important milestone”…
Spill Prevention & Response: Old Lessons, New Challenges
Emerging spill response trends fit into two big categories: technology and a combination of economic and social forces. Both will shape what comes next.Florida’s stunning Tampa Bay stands out as exactly the kind of place where you have to think about hazardous materials emergencies. It was 25 years ago, on August 10, 1993, that a freighter collided with two barges near the entrance of Tampa Bay, causing a fire and spilling over 32…
On Patrol with Cutting Edge Technology
Combat, patrol and first responder craft of all types are increasingly in need of state-of-the-art equipment to get the job done. That’s where FLIR and Raymarine…
Bulk Carrier Crew Rescues Six Fishermen
On Saturday, June 9, the captain and crew of the Wallem-managed vessel the bulk carrier KSL Seoul rescued six fishermen after their boat was involved in an accident and subsequently capsized.The KSL Seoul was passing through the Mindoro Strait en route to Port Walcott in West Australia when they spotted the capsized fishing boat, the Sister Reds with six Filipino fishermen clinging onto its hull.The…
#BTC100 History
In 1990, Richie Bates (pictured) joined Bouchard Transportation as a mate on the Ellen S. Bouchard, and soon rose to Captain of the Morton S. Bouchard Jr. in 1994. As one of BTC’s long-standing employees, Capt. Bates currently serves as Captain of the M/V Donna J. Bouchard, and leads his crew with a laser focus on always delivering petroleum products safely and efficiently. The July 2018 edition of Maritime Reporter & Engineering News will feature a special “Bouchard Transportation Co.
MN100 Application Deadline is Fast Approaching
Each year the August edition of Marine News magazine, the leading voice in the North American workboat market, features the very best 100 leaders and innovators, including workboat owners and operators, builders, OEMs and repairers, and product and service providers.Participation is free, but to be considered you must apply at http://mn100.maritimemagazine.com/. The July 5 deadline to apply is fast approaching.Contact Joe Keefe with questions at: [email protected]
AMPTC Inks Deal with ASRY for BWTS Installs
Egypt-based Arab Maritime Petroleum Transport Company (AMPTC) has signed a deal with Bahrain-based maritime repair and fabrication facility ASRY to install ballast water treatment systems (BWTS) on part of its fleetThe agreement has already seen one system installed the very large crude carrier (VLCC) Sea Jewel, with a further two more vessels agreed to have installations in the coming months. Negotiations…
Green Marine Elects New Chairman of the Board
President and CEO of the Port of Cleveland, William D. Friedman, was elected chairman of the Green Marine’s Board of Directors following the corporation’s Annual General Meeting on May 31, during GreenTech 2018, in Vancouver B.C. Friedman has been sitting on the Green Marine Board since 2013.The Port of Cleveland is one of the environmental program’s founding members. “I’ve been engaged on the Green Marine board for the last five years…
Twin Disc Acquires Veth Propulsion
U.S. based power transmission technology and equipment manufacturer Twin Disc, Inc. announced it has entered into a definitive agreement to acquire the Netherlands based marine propulsion products supplier Veth Propulsion Holding, B.V. and its wholly-owned subsidiaries.Twin Disc said the purchase price is approximately $58.6 million plus net cash, with potential adjustments based on Veth Propulsion’s working capital as of the closing date…
Baltic Index Rises on Higher Large Vessel Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a second day this week on Wednesday, helped by higher…
Shell Feeds Gas to Australia's New Prelude FLNG
Royal Dutch Shell has introduced gas to its 490 meter (1,600 ft) long Prelude floating liquefied natural gas (FLNG) unit as part of the cooling process before start-up, a spokeswoman told Reuters on Wednesday.Gas was fed to the unit from liquefied natural gas (LNG) carrier Gallina, she said.
Singapore Reports Higher May Bunker Fuel Sales
Singapore marine fuel sales climbed to a four-month high of 4.283 million tonnes in May, up 1.2 percent from the previous month and 2.5 percent higher compared with a year ago, data from the Maritime and Port Authority of Singapore (MPA) showed on Wednesday.The strong volumes sold in May were largely in line with industry expectations and come despite sharply higher bunker fuel prices due to rising crude oil prices and shortages of finished grade bunker fuel oil during the month.The cost of 380-
